Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

Government & Public Policy

City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

Residential & Mixed Use

Cervelli brokers sale of 17-unit Passaic apartment building

A private investor has purchased a 17-unit apartment building in Passaic, in an off-market deal by Cervelli Real Estate & Property Management.

Residential & Mixed Use

Prime City breaks ground on two affordable housing projects in Orange

Development firm Prime City has started construction on two projects in Orange that will bring a combined 13 units of affordable housing to the municipality.

Government & Public Policy

Murphy picks DCA’s Suárez, head of local government services, as agency’s next chief

Gov. Phil Murphy has announced his choice to lead the state Department of Community Affairs after the death of Lt. Gov. Sheila Oliver, who had led the agency since taking office in 2018.

Residential & Mixed Use

New 45-unit rental building in Journal Square trades for $18 million, Marcus says

A developer has acquired a newly built, 45-unit apartment building in Jersey City’s Journal Square section for $17.7 million, in a deal arranged by Marcus & Millichap.

Finance & Capital Markets

Private equity firm Northwind lends $35 million to upgrade 216-unit Newark apartment tower

By Joshua Burd The owner of a 216-unit apartment tower in Newark has snagged $35 million in financing for a major renovation of the building, in a deal originated by Northwind Group. Based in Manhattan, the real estate private equity…

New homeless shelter opens in Jersey City under plan for new Claremont apartment tower

The new St. Lucy’s Shelter has opened its doors at 612 Grove St. in Jersey City, following a project by Arc Building Partners in conjunction with the Archdiocese of Newark. — Courtesy: ARC By Joshua Burd Arc Building Partners has…

European-style coffee shop opens at Accurate’s new ‘Citizen Linden’ apartment building

Development firm Accurate has welcomed a coffee shop to the base of its new 234-unit luxury apartment building in Linden.

Professional Services

DIGroup marks National Minority Enterprise Development Week

DIGroup Architecture is reinforcing its commitment to diversity both internally and externally, as the New Brunswick-based firm marks National Minority Enterprise Development Week.